State Street promotes from within to replace retiring APAC head of global markets

Michele Hardeman is leaving the bank after serving in a variety of senior positions over the last 24 years. 

State Street has selected its former head of FX sales, trading and research to replace retiring APAC head of global markets, Michele Hardeman.

Henry Quek has been appointed as head of global markets for the region, replacing Hardeman who has spent the last 24 years with the bank. During her tenure with State Street, Hardeman served in several senior roles including as global head of foreign exchange sales, head of foreign exchange sales for the Americas and head of foreign exchange Australia.

Quek assumes the role after serving at State Street for the last 18 years, most recently as head of FX sales, trading and research. Prior to his most recent role, Quek also operated as deputy general manager for State Street Global Markets’ Singapore branch.

“Henry’s in-depth understanding and knowledge of FX, securities finance and portfolio solutions, especially emerging Asian markets which are a key focus for growth, makes Henry well suited for this role,” Tony Bisegna, head of State Street Global Markets, told The TRADE.

“Michele has had a dynamic career that has spanned the globe. She was instrumental in building our industry-leading FX sales and trading franchise.”

Late last year, State Street appointed electronic trading and prime services specialist, Simona Stoytchkova, as head of global markets Europe. She joined the bank from IG Deutschland where she served as chief executive officer and a member of IG Europe’s board for the last two years.